| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 13.81 Billion |
| Market Size (2030) | USD 23.74 Billion |
| CAGR (2025 - 2030) | 11.45 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Residential Construction Market Analysis
The Qatar Residential Construction Market size is estimated at USD 13.81 billion in 2025, and is expected to reach USD 23.74 billion by 2030, at a CAGR of 11.45% during the forecast period (2025-2030).
- COVID-19 negatively impacted the Qatari residential construction market. Many residential projects were delayed or canceled due to COVID-19.
- One of the most prosperous economies in the Middle East is Qatar. High GDP growth, population growth, job opportunities, and governmental regulations are all driving the country's residential construction market forward.
- Qatar is working on a wide range of infrastructure and industrial projects because it wants to host the Asian Games in 2030, is committed to its National Vision 2030, and has promised to host the 2022 FIFA World Cup. The current Emir, who has been in charge since July 2013, is putting the Second National Development Strategy into action to help the country's people.
- The high net worth of the average Qatari citizen and expat has a big effect on the building industry and makes more people want to live in luxurious, well-planned neighborhoods.
- In the medium- to long-term, it is expected that the rate of population growth will lead to more demand because there will always be more foreign workers than there are jobs. In response to the increased building activity in the industry, the Qatari government has recently made a number of changes to the law that are meant to protect the interests of people who invest in residential buildings.
- The housing project's construction was on schedule to be complete by the end of 2022. The project will also have 49 separate villas that can be bought as investments. Each villa has two floors, a basement, a penthouse, a private pool, and parking spots.
Qatar Residential Construction Market Trends
Qatar's Residential Market is Slightly Improving
The COVID-19 pandemic wreaked havoc on the country's economy and finances, and the residential market in Qatar is still weak. Residential property prices fell as a result of rising supply despite declining demand. In Q1 2021, 1,700 apartments and villas were constructed, bringing the total number of housing units to about 304,715 units.
The four companies gave 1,650 units from project handovers in Fereej Abdul Aziz, The Pearl, Al Dafna, Mirqab Al Jadeed, and Lusail (Fox Hills and Marina District).
The average price of a residential property transaction was over $500 million, and it was growing at a rate of 3.4% per quarter and 6.8% per year. The number of housing transactions fell by 3.3% every quarter, but they were 52.8% higher than at the same time in 2020.
The most residential housing was sold in Umm Garn, and Fereej Al-Amir had the biggest ticket sizes overall. There were 68 residential building transactions. Most of the transactions happened in Old Airport and Umm Ghuwailina.
In the first two months of 2021, The Pearl and West Bay Lagoon saw annual declines in transaction volume and value of 6.8% and 11.7%, respectively. The average price per square meter for apartments in The Pearl was USD 4200.
During the quarter, contracts were given out to build 450 homes in Fox Hills, Fox Waterfront, and the Marina.6.300 units were kept in the pipeline for the remaining three quarters of 2021.
While the value of residential real estate sold climbed by 28% over the prior year in October 2021, the overall number of properties sold increased by 2.8%. 13,500 new residential units are anticipated to enter the Qatari market by the end of 2022.
This comes after the addition of 580 housing units in 2021's fourth quarter. Among the most recent constructions are 15 mixed-use structures in The Pearl, apartments and mixed-use structures in Qetifan North, 1,700 villas in Furjan Wadi Lusail, Al Yussum townhouses, 2 in Yasmeen City Lusail, and the Milos apartment complex in Legtafiya.
Due to the completion of new high-rise units, prices increased across a number of locations from H1 2020 to H1 2021, including Lusail City (from USD 3173 per sq m to USD 3400 per sq m) and West Bay (from USD 2900 per sq m to USD 3200 per sq m). Apartment investors are starting to favor Lusail more and more, and demand is increasing.
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Qatar's residential rents are falling further as the occupancy rate is rising.
The country's hosting of a significant international event like the FIFA World Cup in 2022 has increased demand, which has made the rental market in Qatar more stable. The median monthly asking rent for residential properties decreased by 5.7% year over year and 1.8% quarter over quarter.
In 2020, rents for apartments went down sharply, but rents for villas are still going down slowly. The median monthly asking rent for apartments was USD 1727, which was down 1.9% quarterly and 6% annually.
The largest quarterly rent decreases, of up to 5.3%, were observed in three-bedroom apartments. The largest quarterly rent reductions, ranging from 3.5% to 5%, were experienced in West Bay, Fereej Bin Mahmoud, and Al Mansoura.
The median monthly asking rent for villas was USD 2800, which was down 3.9% year over year and 1.2% quarter over quarter. Three-bedroom villa rents experienced the largest quarterly decline, falling as much as 2.8%. Between one quarter and the next, rentals in the Al Aziziya and Ain Khaled complexes decreased by an estimated 3.3%. The average monthly asking rent for one-, two-, and three-bedroom apartments at The Pearl was USD 2120, USD 3300, and USD 4100, respectively.
Even though prices have gone down because there are so many new homes, there is still a lot of demand for villa rentals in Qatar.Prices in Abu Hamour and Ain Khaled fell by USD 278 in the first half of 2021 compared to the same period in 2020, while those in Al Thumama decreased from USD 3548 to USD 3000.
However, in areas like Al Messila and Al Soudan where modern luxury flats are offered, median advertising prices have increased. Renters and property owners in areas like Al Muntazah, Al Wakair, and Al Muraikh may be the cause of price stagnation by providing "grace periods" and "free months" as incentives.
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Qatar Residential Construction Industry Overview
There is huge competition between residential real estate companies in Qatar. A select few players control the market.The proportion of residential real estate properties sold through online channels has consistently grown, owing to rising internet penetration, growing demand, increasing personal disposable incomes, a surging middle-class youth population, and opportunities offered by government infrastructure investments.
In the coming years, it is expected that there will be more foreign investment in Qatar's residential real estate market. This is because non-Qataris can invest in certain real estate projects, such as the West Bay Lagoon and The Pearl. Major real estate players in the market are Al Mana Real Estate, United Development Company, Qatari Diar Real Estate Company, Ezdan Holdings, and Barwa Real Estate Company.
Qatar Residential Construction Market Leaders
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QD-SBG Construction
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Midmac Contracting Co. W.L.L.
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Hamad Bin Contracting Company
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Galfar Al Misnad Engineering & Contracting Co.
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Porr Construction Qatar W.L.L.
- *Disclaimer: Major Players sorted in no particular order
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Qatar Residential Construction Market News
- July 2022: The Gateway Plaza building in Richmond, Virginia, USA, has been purchased by Qatar First Bank LLC (public) (QFB). A wonderful addition to the bank's investment portfolio, the new acquisition is a Class AA trophy asset with a 330,000-square-foot area that was built in 2015 as a build-to-suit building and will continue to ensure steady cash flows. With a goal to increase its presence and level of knowledge in the US real estate market, the new investment marks QFB's eleventh US real estate property and its fourteenth investment under its new Shari'a-compliant real estate investment strategy.
- August 2022: Ascott successfully acquired Oakwood Worldwide in July 2022, increasing its portfolio's total number of units by over 15,000 to over 153,000 across more than 900 locations. With the addition of freshly signed and opened properties across their brands, Ascott had substantial organic growth in the first half of 2022 after completing the acquisition of Oakwood. They have started the process of integrating Oakwood with Ascott, which will strengthen their ability to spur additional growth, provide higher returns to their property owners, and provide better services to their visitors.
Qatar Residential Construction Industry Segmentation
Residential construction is the installation, maintenance, and repair of buildings and other stationary structures. Construction encompasses the processes involved in constructing buildings and infrastructure, as well as related operations, from start to finish.
A complete assessment of the Qatar Residential Construction Market includes an assessment of the economy and the contribution of sectors to the economy, a market overview, market size estimation for key segments, and emerging trends in the market segments. The report sheds light on market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Qatar residential construction market is depicted through the profiles of active key players. The report also covers the impact of COVID-19 on the market and future projections.
Qatar's residential construction market is segmented by type (apartments and condominiums, villas, and other types) and by construction type (new construction and renovation). The report offers market size and forecasts for the Global Container Terminal Operations Market in value (USD billion) for all the above segments.
| By Type | Apartments & Condominiums |
| Villas | |
| Other Types | |
| By Construction Type | New Construction |
| Renovation |
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Qatar Residential Construction Market Research FAQs
How big is the Qatar Residential Construction Market?
The Qatar Residential Construction Market size is expected to reach USD 13.81 billion in 2025 and grow at a CAGR of 11.45% to reach USD 23.74 billion by 2030.
What is the current Qatar Residential Construction Market size?
In 2025, the Qatar Residential Construction Market size is expected to reach USD 13.81 billion.
Who are the key players in Qatar Residential Construction Market?
QD-SBG Construction, Midmac Contracting Co. W.L.L., Hamad Bin Contracting Company, Galfar Al Misnad Engineering & Contracting Co. and Porr Construction Qatar W.L.L. are the major companies operating in the Qatar Residential Construction Market.
What years does this Qatar Residential Construction Market cover, and what was the market size in 2024?
In 2024, the Qatar Residential Construction Market size was estimated at USD 12.23 billion. The report covers the Qatar Residential Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Qatar Residential Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Qatar Residential Construction Industry Report
Statistics for the 2025 Qatar Residential Construction market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Qatar Residential Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
